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You can answer all of these with artifact/enchantment hate like Pick Your Poison, so be sure to pack some of that in your sideboard

Traditional: A best-of-three draft against other players, with a total of three matches

While no such format yet exists, an 'Adventure format' would be a great boon to the Magic community

Considering he was only being played in around 12,500 decks at the time, this price point was clearly driven by scarcity

If you want another chance to find Sol Ring or a piece of utility, Urzas Saga is an easy auto-include

Consider professional grading for an accurate condition assessment if higher value is suspected, though unlikely for this specific card